Moderate LO 1, 2, 3, 6 5.7 Types and persuasiveness of audit evidence Jenna is working on the audit of a client's accounts receivable. During the risk assessment stage, sh conducted an audit data analytic using data provided directly by the client, by grouping Account Receivable by days overdue to assess the risk of the accuracy, valuation, and allocation assertion and a overstatement of accounts receivable. During the past few weeks, she has conducted interviews with th accounts receivable manager, the CFO, and staff working in the accounts receivable department. Sh has also overseen the external confirmations of accounts receivable, 30 percent of which required th recipient to respond as to whether or not the amount stated was correct. Jenna also conducted a revie of subsequent cash receipts from the client's customers. She vouched a sample of accounts receivab balances back to the underlying invoices, cash receipts, and sales returns, and traced a sample of the documents to the accounts receivable ledger. Required a. List the types of audit evidence gathered by Jenna and comment on the persuasiveness of each ty b. Link each type of evidence to the relevant accounts receivable assertions. 5.8 Identifying types of audit evidence Basic LO 2 Required Identify the type of audit evidence being used in each situation described below: a. The auditor tests cash remittance advices to ensure that allowances and discounts are appropr and that receipts are posted to the correct customer accounts in the right amounts. In addit the auditor reviews the documents supporting unusual discounts and allowances.